London-Cash-strapped UK-based Bowleven received a shot in the arm August 12 after oil trader Vitol agreed to take a stake in its key exploration permit offshore Cameroon in exchange for funding the short-term work program on the license. London-listed Bowleven, whose share price has been hit since last year by concerns over its ability to fund its operations, has agreed to sell 25% of the Etinde permit to a Vitol subsidiary in return for a $100 million work program on the area.
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